Form 4: TTM Technologies EVP & CFO Sells Shares

TTM Technologies EVP and CFO Daniel L. Boehle reported the sale of 2,575 shares of common stock on June 25, 2026, for a total value of approximately $530,000, as part of a pre-arranged 10b5-1 trading plan to cover tax liabilities from vested RSUs.

Summary

• Daniel L. Boehle, EVP and CFO of TTM Technologies Inc., sold a total of 2,575 shares of common stock on June 25, 2026.
• These sales were executed under a Rule 10b5-1 trading plan adopted on February 24th, 2026.
• The primary purpose of these sales was to cover tax liabilities arising from the vesting of Restricted Stock Units (RSUs).
• The shares were sold at various prices, with weighted average prices reported for different tranches of the sale.
• Following these transactions, Mr. Boehle beneficially owns 75,055 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. While an executive selling shares can be a negative signal, the explicit reason for the sale (tax liability from RSUs) and the use of a 10b5-1 plan suggest it's a routine financial management activity rather than a reflection of negative company outlook.

Negatives

• Executive selling a significant number of shares, although for tax purposes, can sometimes be perceived negatively by the market.

Risks

• The sales are part of a 10b5-1 plan, which is designed to mitigate insider trading concerns, but the underlying reason for the sale (tax liability from RSUs) indicates a cost associated with equity compensation.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports on past transactions.

Management Comments

• The sales were made solely to pay the tax liability incident to the vesting of RSUs.
• The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes, upon request.

Industry Context

StockSavvy.ai notes that insider sales, particularly those related to tax obligations from equity compensation like RSUs, are common. The use of a 10b5-1 plan indicates a structured approach to managing these transactions, which is a standard practice for executives to avoid potential insider trading accusations.

Stakeholder Impact

• Shareholders: The sale of shares by a key executive might be viewed with caution, but the stated reason (tax liability) and the use of a 10b5-1 plan mitigate significant concern.
• Employees: The transaction is related to executive compensation (RSUs) and does not directly impact other employees.
• Creditors: No direct impact on creditors.
• Suppliers/Customers: No direct impact.

Next Steps

• The reporting person will continue to hold the remaining 75,055 shares of common stock.
• The company will continue to operate under its existing business strategy.

Key Dates

Keywords

TTM Technologies, TTMI, Form 4, Insider Trading, Stock Sale, 10b5-1 Plan, RSU Vesting, EVP and CFO, Daniel L. Boehle